Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Expands By 20.0%

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 15th total of 1,050,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 198,900 shares, the short-interest ratio is currently 6.3 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. B. Riley reduced their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock traded down $0.13 during mid-day trading on Friday, hitting $62.06. 210,796 shares of the stock traded hands, compared to its average volume of 206,253. Donnelley Financial Solutions has a twelve month low of $56.02 and a twelve month high of $71.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The company’s 50-day simple moving average is $61.00 and its 200-day simple moving average is $63.35. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 19.39 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The business had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share.

Insider Activity

In related news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares in the company, valued at $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp boosted its position in shares of Donnelley Financial Solutions by 32.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 28,709 shares of the company’s stock valued at $1,712,000 after purchasing an additional 7,055 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Donnelley Financial Solutions by 456,520.0% in the second quarter. Federated Hermes Inc. now owns 22,831 shares of the company’s stock worth $1,361,000 after buying an additional 22,826 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Donnelley Financial Solutions by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 131,146 shares of the company’s stock worth $7,819,000 after acquiring an additional 5,032 shares in the last quarter. SkyOak Wealth LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $300,000. Finally, Hsbc Holdings PLC lifted its position in shares of Donnelley Financial Solutions by 39.6% in the 2nd quarter. Hsbc Holdings PLC now owns 19,902 shares of the company’s stock valued at $1,177,000 after acquiring an additional 5,643 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).